All Forum Posts by: Noah Corwick

Hi Prachi, 

It really depends on what your long term strategy is and what your desired price point is honestly. So I wouldn't firmly feel comfortable suggesting areas without knowing this. However, here are some areas that come to mind based on safeness:

-Gilbert is a safe area from LTR standpoint. If you can find one near Downtown Gilbert, you also gain a high appreciation play into this as well. 

-Scottsdale is obviously a safe one too. You can find some for a decent price point in South Scottsdale near Papago.  

Overall I do also want to note that right now it's hard to find on market deals that will cashflow at this exact moment though. 

Great write up Andrew! Definitely made some great points and made me reflect a ton. 

My list to help guide people on where to live in AZ (not necessarily to invest in) would look something like this:

1. Scottsdale

2. Gilbert (gave the edge over PV due to more affordable pricing)

3. Paradise Valley

4. Arcadia / Arcadia lite (combining them both for the sake of conversation)

5. Chandler

Honorable mention: Uptown/Midtown & Tempe. 

As someone who has lived in AZ his whole life, the number of Californians who have migrated here is staggering. A lot have came here due to political reasons or the ability to live near the coast West but pay a fraction of the cost. You can even see this in the sheer amount of cars that are on the roads during normal non rush hour hours (which has become somewhat annoying for me personally, but I digress).

Even if they aren't moving here themselves, they view AZ as an easy state to invest in. I am working with a ton of clients who are doing just that. Between the lower price point compared to CA and the friendly landlord laws, they view it as attractive. 

Overall I don't see this slowing down anytime soon. Californians are still flocking here. So your suspension is 100% accurate. 

Hi Avery!

I am an agent and investor myself located in Phoenix and would love to help. 

I also have an agent on my team who is located in Tucson that I can connect you to as well. 

Overall, I would definitely prequal with a AZ licensed lender first to understand what price range you are working with so that you can clearly define your investment criteria. Phoenix is much more expensive than Tucson, so knowing where you fall will definitely help point you in the right direction. 

Take care! 

Hi Emily, 

Welcome to the word of BiggerPockets!

I have an awesome Tucson agent on my real estate team that I can connect you with if you are open to it. She'll make sure you are well equipped as you decide which city to officially move to. 

Hi Troy, 

Welcome to BiggerPockets!

I would agree with both gentleman overall. I would start with talking with a Trust Lawyer and then work your way from there based on how they answer. 

I also think it's great that you are being cautious and proactive instead of jumping right in and being reckless. You are setting you and your family up for long term success. 

Hey David, 

Welcome to BiggerPockets! Thats great that you are ready to take action and get into real estate investing. 

I am an agent and investor in Arizona, and definitely am not an expert in Idaho's market. So my thoughts are from a general standpoint and not your specific market's standpoint. 

I would agree with the two other gentlemen who commented, I would get into multi family and house hack it. It might not cashflow now, but once you refi in the near future, you'll be glad you picked this route, especially if you find one in an appreciation area. This is setting you up long term. A short term sacrifice (negative cash flow) for a long term gain. 

And even if this wouldn't cash flow at this exact moment, having others pay most of your mortgage is still a win. 

Best of luck! 

Hey Will. That is a heck of a story of perseverance! Congrats on snagging your investment property. 

I am an agent and investor in Phoenix myself. 

I would love to connect with you! 
 

Hey Yael!

Welcome to BiggerPockets!

AZ has become a confusing market from a rental point of view. 

As for the AZ market overall, it all really just depends on the type of investment that you are looking to target. I'd love to brainstorm some ideas with you if you are open to it. 

Hi @Graeme Teeple,

I went to UofA for college, so Bear Down!

If you are open to it, I work with a really great and motivated real estate team in Tucson that I can connect you with. They know the Tucson market like the backs of their hands, and actually just helped one of my best friends get a wonderful new build under contract (and saved him a ton of money in the process). 

I'd highly recommend them!